Previously : 'Chaarat has been made aware that the National Reform and Development Commission of China (NDRC) has granted preliminary approval for Shandong Gold Mineral Resources Group Co., Ltd., (SGMR), the third largest gold producer in China, to negotiate an agreement with Chaarat. NDRC approval is required before any Chinese company can make an investment in a foreign company.'
Now :'On 19 November 2012, Chaarat announced it was in discussions with SGMR, the third largest gold producer in China. The Company is pleased to announce that significant progress has been made towards agreeing a transaction.'
Chinese New Year and change in SGMR management have slightly delayed matters. Luckily, for anyone reading this. You can still make your fortune - get in now (IMO).
Chaarat (AIM - CGH), the AIM quoted gold exploration and development company with assets in the Kyrgyz Republic is pleased to provide an update on discussions with Shandong Gold Mineral Resources Group ("SGMR" or "Shandong Gold").
· Significant progress in negotiations with SGMR
· Delays due to a change in senior personnel in the SGMR group
• Negotiations due to recommence in the near future
On 19 November 2012, Chaarat announced it was in discussions with SGMR, the third largest gold producer in China. The Company is pleased to announce that significant progress has been made towards agreeing a transaction.
However, discussions with SGMR have recently been delayed due to a change in senior personnel at the holding company level of the SGMR group. Recommencement of the negotiations has now been agreed with the new management team.
The Directors intend that any agreement will enhance long-term value for Chaarat shareholders. However there can be no certainty that any agreement will be reached
Thanks for that. I think I know what you're' doing - 'CFDs'? Just never heard it described as margin buying. I've got an IG CFD account myself and do about a trade a month to keep getting free live prices. When I trade I nearly always do FTSE 100 or 250 stocks. For me other stocks are too volatile and too big a spread. It's psychological really 'cause when you see the profit/loss changing every second or two, it gets to me. I mean in my portfolio, although I observe the prices quite often (at least hourly), I don't really look what I've made/lost until I take a note each Friday on my total pf. Having the display in my face (even though you can hide it) freaks me.
on ig markets if you put up lets say 5k you can buy up to four times that amount of stock ,if the stock drops 10 per cent you have to put up £500 to cover the short fall . if you buy lets say 3 stocks and 2 go down but 1 goes up the 1 that goes up can cover the short fall if it goes up by the short fall amount . hope this helps.
Haha, typical, brought us out of hibernation at least! Spent all day watching this drift thinking it's looking too cheap not to buy more but sweating as I'm too loaded up already. Still massively cheap at these levels though I guess ;-) GLA
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